 If a business goes bankrupt does it still have to pay the IRS for taxes due? |
| Can you get out of paying the IRS if you file bankruptsy on your Corperation.... |
|
 Tax deductions for stolen motorcycle? |
| During September of last year, my motorcycle got stolen from the basement of my apartment building in California. Total estimated loss is around $6,000. Is there a way to claim the entire or at least ... |
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 Who actually pays taxes? |
Who pays taxes in most states, out of whites, blacks, and hispanics?
The Census won't tell me what I need to know..
Where can I find this information?... |
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 My mom writes me personal checks for 750 every 2 weeks for working for her do I have to report this to the IRS |
Additional Details
She didnt put it on a 1099. Someone said they could track the money since it was paid by ... |
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 Didn't pay estimated taxes for 2007 for independent contractor work. Am I going to get fined? |
| I worked as a freelance video editor during 2007. I made about $12,000 during the year. Most of it during the months of September and August and November and December. Thanks to a lot of business ... |
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 Will my boyfriend get in trouble for not filing taxes for 2007? |
| he worked at demos while going to college in 2007. For a little while. Demos closed down and he never got his W2's and doesn't know anything about taxes. Therefore he didn't file any ... |
|
 Got an e-mail that I'm Eligible for a refund??? |
After the last annual calculations of your fiscal activity we have determined that
you are eligible to receive a tax refund of $268.32
Please submit the tax refund request and allow us 2-3 ... |
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 If two peole carried the same kid on their taxes by mistake how can that be fixed and what are the results? |
| For example my daughter's grandmother carried her last year....but this year I'm carrying her if the grandmother still carries her after knowing that I am what will the results be? And how ... |
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 I cant understand that if my ss# is 30 why havent I recieved my stimulus check? What is the deal.? |
| I did my taxes on january 19th and recieved my funds on February 9th, my last two ss# is 30. SO how come everyone else have recieved their checks but me.... |
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 If you win the power ball lottery do you get taxed each year or just once.? |
| I,m new to the lottery so i dont know how it quite works if you win i know you get taxed and stuff. but do they consider it income each time you file your taxes. say a person quit his job after he ... |
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 April Taxes Bring......? |
| Why are taxes do in A... |
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 Can you figure this out? |
| i made 356.00 in 2006. i paid 320.00 per month for lot rent for 6 months will i get anything back from goverment?... |
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 Can I get an exemption for council tax ? |
Hi
I am a full time international student in Uk, I asked for getting exemption from paying council tax. I went to the city council in Glasgow and they told me I can not grant the exemption ... |
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colorguy | What happens to all the money collected by the IRS? |
Please explain where the money goes after the IRS takes our tax money, interest, fees, etc. I'm really curious. |
 |
 
Confused Republican
 |
According to the Office of Management and Budget, in fiscal year 2008 total government receipts were about 2.5 trillion dollars. That includes taxes and other kinds of federal receipts, e.g., everything from interest on loans from the federal government to the money you pay at national parks. But most of it is taxes.
Of that 2.5 trillion, the single largest expense--479 billion dollars--was on defense. For 2009, the President has requested an increase from 479 billion to 515 billion.
Other expenditures by department include:
Agriculture 21.8 billion
Commerce 6.9 billion
Education 57.2 billion
Energy 23.9 billion
Health and Human Services 71.9 billion
Homeland Security 34.9 billion
Housing and Urban Development 37.4 billion
Interior 10.6 billion
Justice 22.7 billion
Labor 11.4 billion
State and Other International Programs 32.9 billion
Transportation 15.5 billion
Treasury 12.0 billion
Veterans Affairs 39.4 billion
Other expenses not listed above include the Army Corps of Engineers, EPA, Executive Office of the President, NASA, National Science Foundation, etc.
You won't find the CIA anywhere on the list of expenditures. That amount is a secret.
And of course, a lot of that 2.5 trillion went to pay off debt incurred in previous years.
So that's where it goes.
Good thing? Doubtful. But it seems like everyone hates government spending except when the government spends the money on their own pet projects or their personal benefits. |
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Huh?
|
It is the primary funding for the federal government. Almost every federal government program, every agency, every employee, etc. is paid for by the treasury and the IRS is part of the Treasury Department.
There are other funding sources by none as large as the federal income tax. |
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Wayne Z
|
http://www.gpoaccess.gov/usbudget/ |
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roadster9879
|
basically it all goes to "general fund" for the government and is then filtered by the GAO. A large portion goes to pay for some legitimate services the government provides. An even bigger portion is "siphoned" off and goes to graft, corruption and payola for politician. And, the rest ... they squander worse than a drunken sailor. (please excuse the mtetaphor. The drunken sailors don't derserve that kind of insult.) |
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munkitung
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Well, that nasty little dust-up in Iraq is getting the lion's share. Then there's the general lack of efficiency of large organizations, i.e. civil service. |
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Iluvmyhubby
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Schools, federal aid programs(welfare,food stamps), pockets of our politicians, abortion mills like planned parenthood which gets 1 billion a year, global programs like paying for forced abortions in third world countries,we give billions a year to the U.N. Our taxes would be so much lower if our government would just get off our backs and stop giving our money away to useless programs here in the U.S. and around the world. |
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** Stardust **
 |
Hard telling,they probably have a huge party |
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rhett_madison
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It goes to the owners of the Federal Reserve Bank. |
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